It is possible to quantify the structural unemployment either on an aggregate level using the time-series (e.g. estimation of the NAIRU) or on a more disaggregated level (e.g. regional data for estimation of the…
Subject of the report is a comprehensive analysis of the importance of the German Bausparkassen (building societies) system in the federal state of Baden Württemberg. In an indroductory approach the functions …
The Financial Market Survey Central and Eastern Europe (CEE) is carried out on a monthly basis by ZEW with the support of Erste Group Bank AG, Vienna. A similar survey for Germany has been conducted by ZEW since…
This project analyzes the performance of the trading strategies of Deutsche Bank, which utilize the so called “forward premium puzzle”. The basis of these strategies are currency baskets in which low-yielding…
The project is concerned with a comprehensive analysis of the sector of family enterprises in Germany. The analysis focuses on different questions: Main topics are the quantitative assessment of the economic…
This project evaluates the anti-competitive impact of bank mergers and acquisitions (M&A) in EU using event study methodology. Substantial amount of literature indicates that M&A generate abnormal returns to…
Population trends are leading towards regional disparities. Prosperous regions are facing shrinking ones. An increasing average life expectancy will raise the number of households. Then again, a lower demand for…
The Genuss-Scheine have a very long tradition in Germany. They give the non-shareholder some typical shareholder rights, as participation in profit, liquidation proceeds, or assets. The Genuss-Scheine are,…
The main task of this project is to provide a comprehensive overview of the derivatives markets in CEECs with a particular focus on Russia, Poland, and the Czech Republic. The study of the derivatives markets in…